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 Industry Roundup |
Lumber
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US Lumber Coalition supports US Dept. of Commerce's continued trade law enforcement against Canadian lumber imports; Dept. of Commerce announced preliminary determination of combined anti-subsidy and anti-dumping duty rate of 13.86% in fifth annual review
PR Newswire (02/01)
RBC highlights wood products news for week of Jan. 28: Lumber/OSB prices decrease; West Fraser announces closure of Fraser Lake sawmill in British Columbia; Boise Cascade announces US$140M investment in Alabama and Louisiana to support EWP growth strategy
RBC Capital Markets LLC (02/01)
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Plywood
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Japanese-Finnish designer Yuka Takahashi unveils minimalist chair using UPM Grada material, highlighting its strength and portability; the designer is also exploring UPM Grada's potential in architecture due to its malleability and natural texture
UPM Kymmene Oyj (01/31)
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Oriented Strand Board (OSB)
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RBC: APA North American structural panel report shows production slowed in Q4, as housing activity came under pressure given high interest rates; analyst remains cautious on OSB compared to outlook on lumber given recent and near-term capacity additions
RBC Capital Markets LLC (01/31)
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Engineered Wood Products (EWP)
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UFP Industries affiliates to display new products at NAHB International Builders' Show in Las Vegas, Feb. 27-29; affiliate presentations include UFP-Edge's modified wood sidings, UFP Site Built's value-added wood, Deckorators' composite decking, railing
Business Wire (01/30)
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Siding
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Norx introduces two new gray-toned decking and cladding solutions, Rockefeller and Venice, to its New York and Los Angeles cladding lines
Industry Intelligence Inc. (02/01)
Erie Materials to open 11th location in Poughkeepsie, New York, in 2024; company offers diverse range of exterior building materials, including roofing for residential and commercial buildings, siding, windows, doors, decking, railing and stone veneer
Industry Intelligence Inc. (01/31)
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Flooring
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Karndean Designflooring launches high-end Art Select collection, replicating hardwood and stone designs using 'cutting-edge' technology, craftsmanship; collection features 45 lux vinyl flooring designs, available in both glue-down and rigid core options
Industry Intelligence Inc. (02/01)
Tile Council of North America to co-host inaugural Flooring Sustainability Summit in Washington, DC, on July 17-18, with National Wood Flooring Assn., Natural Stone Institute, North American Laminate Flooring Assn.
Tile Council (02/01)
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Decking / Fencing
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PWT, maker of treated laminated veneer lumber, joins North American Deck and Railing Assn.; company also launches new AIA-accredited course on deck materials and treated LVL via Hanley Wood University to support advancement of decking professionals
PR Newswire (02/01)
Bank of America names Trex as one of the top 31 small-/mid-cap stocks with average potential upside of 29% over next 12 months, highlights continued outperformance of composite decking versus other building product categories due to conversion from wood
Business Insider (01/31)
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Joinery, Doors & Millwork
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PGT Innovations' Martin Door showcases new products at 2024 NAHB International Builders’ Show; new offerings include Keystone Garage Door, displayed in the Anlin Windows & Doors section, and Athena Garage Door, displayed with the Western Window Systems
PGT Innovations Inc. (01/31)
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Cement / Concrete
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Carbon Re: AI now used to make carbon capture, utilization and storage system, biofuels, hydrogen more commercially viable in industries such as cement, steel, energy, chemicals; emissions from fuel use in cement plants can be cut by 20% via applying AI
Reuters (01/31)
China and EU's cement industries target carbon neutrality by 2060 and 2050, respectively; studies on CO2 emissions and carbonation in cement-based materials released
Materials (01/31)
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Steel / Iron / Ferrous Metals
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LIFE ETX: Many companies pay too little for their carbon footprint; recent report exposes EU’s 'emissions aristocracy,' with 30 companies responsible for half of emissions on EU's CO2 trading system, and steel sector granted the most allowances in 2022
Emissions Trading Extra (LIFE ETX) (02/01)
CRU Group: Critics' national security concerns over Nippon Steel buying US Steel seem exaggerated; US military needs just 3% of domestic steel production per year, as modern combat systems use less steel and more of other materials like titanium, aluminum
Washington Post, The (Print Content) (02/01)
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Wood Construction
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Norway's sales volumes of wood-based building materials down 0.85% year-over-year in 2023, but impregnated timber sales up 9.06%; sales were up 4.07% year-over-year in December 2023, while lumber sales fell 14.08% when comparing 2023 to pre-pandemic 2019
M-Brain Nordic News (01/31)
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Building & Construction Use
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Carlisle Companies' newest polyiso manufacturing facility in Sikeston, Missouri, received the first-ever LEED Platinum v4 certification in North America for a manufacturing facility
Business Wire (02/01)
The Packaging Forum launches new national recycling program in New Zealand aimed at increasing recycling rates for food and beverage cartons; scheme aims to divert cartons from landfill and recycle them into new, low carbon building products
Scoop Media (New Zealand) (02/01)
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Home / Residential Furniture
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Furniture Insights: November furniture orders up 26% year-over-year, marking seven months of consecutive double-digit growth, despite declining shipments and lower backlogs; furniture orders up 4% year-to-date, but shipments down 17% year-to-date
Smith Leonard PLLC (01/31)
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Building Products & Wood
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GreenFirst announces retirement of Rick Doman from its board of directors, effective immediately; GreenFirst is also planning to announce expense reduction measures, including reduction in board size, reduced size and location of its operations
Business Wire (02/01)
Polyglass and Commercial Roofing & Waterproofing of Hawaii celebrate Best-In-Class Award from ARMA in the 2024 Excellence in Asphalt Roofing Award Program; companies recognized for Kapi’olani Medical Center for Women & Children in Honolulu project
Polyglass SpA (02/01)
Do it Best appoints Corbin Prows as divisional manager of e-commerce platform operations and Brianna Wells as divisional manager of e-commerce, marketing and merchandising; moves ensure company maintains 'relentless' focus on e-commerce
Do it Best Corp. (02/01)
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Homebuilding
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Residential Construction & Real Estate
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Applied UV to create smart building technology, UV disinfection and more for Larimar City, a new luxury development with six hotels and 20,000 high-end residences in the Dominican Republic; AUVI CEO expects 3-6 year revenue opportunity of US$250M-US$300M
GlobeNewswire (02/01)
US 30-year fixed-rate mortgage averaged 6.63% as of Feb. 1, down from 6.69% a week ago; 30-year FRM averaged 6.09% a year ago: Freddie Mac
Federal Home Loan Mortgage Corp. (Freddie Mac) (02/01)
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Homebuilding
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Zacks: PulteGroup reports mixed Q4 results with earnings beating estimates but revenues falling short; both metrics fell year-over-year, but Pulte sees late Q4 surge in buyer activity due to falling interest rates, remains optimistic about 2024 prospects
Zack's Commentary (01/30)
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Housing Affordability
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Typical US luxury home sales prices rose 8.8% year-over-year in Q4, while prices of non luxury homes increased 4.6%; Newark, New Jersey registered an 11.6% annual increase in median price of luxury homes: Redfin
Redfin Corp. (01/31)
Moody's: It's virtually impossible for first-time buyers to afford a home, and US needs to create a lot more housing inventory to normalize market; low-income housing tax credit should be expanded to encourage developers to build more affordable homes
Business Insider (01/30)
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Home Improvement/Furniture
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Remodeling
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Schnuck Markets announces total store remodels at two Missouri locations, one in Florissant and another in St. Louis
Supermarket News (02/01)
Walmart plans to build or convert over 150 stores in the next five years after not opening a new store since Nov. 2021; company also plans to remodel 650 existing stores this year across 47 states and Puerto Rico
Associated Press (01/31)
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Home Improvement / Hardware Stores
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Lowe's unveils Lowe's Style Studio for Apple Vision Pro, which allows customers to visualize and design their kitchen with immersive spatial computingÂ
Lowe's Cos. Inc. (02/01)
Picture Rocks Ace Hardware in Tuscon, Arizona to open on Feb. 2 with grand opening events, specials until Feb. 4.
Industry Intelligence Inc. (01/30)
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Wood Furniture
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Hanoi Wood Expo to be held in Hanoi, Vietnam, from May 29-June 1, concurrently with Hanoi Furniture Fittings & Upholstery Expo; events to cover materials, machinery, tools, surface treatment, finishings, upholstery, Industry 4.0 solutions for production
press-mailbox (02/01)
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Construction/Real Estate
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Commercial Construction & Real Estate
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Canada's residential building construction costs increased 0.9% in Q4, up from an increase of 1.2% in Q3; nonresidential building construction costs rose 0.7% in Q4, lower than the 1.3% increase in the previous quarter: Statistics Canada
Statistics Canada (02/01)
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Construction & Engineering
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US nonresidential construction spending increased 0.4% in December and 20.1% year-over-year; monthly increase was led by the highway and street category: ABC
Associated Builders and Contractors (02/01)
Holcim Advances Sustainable Operations with New Solar Array in Alpena, Aiming for 75% Self-Generated Green Energy by 2030
Industry Intelligence Inc. (02/01)
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Mortgages / Home Financing
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US mortgage applications decreased 7.2% in week ended Jan. 26 from one week earlier; Refinance Index increased 2.0%, Purchase Index decreased 11.0%: Mortgage Bankers Assn
Mortgage Bankers Association (01/31)
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Interest Rates
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Goldman Sachs pushes back Fed rate cut expectation to May from March after Chair Jerome Powell's signaled delays in cuts; analyst maintains forecast of five 25 basis point rate cuts in 2024
Reuters (02/01)
UBS chief economist predicts soft landing for global economy in 2024, with inflation falling steadily and growth maintaining; Fed should start cutting interest rates in May, and European Central Bank could follow suit in June or July
CE Noticias Financieras (Latin America) (02/01)
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Stock
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Latest: Feb, 01 2024
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Latest Value |
Prev |
Chg |
YOY Chg |
| Home Improvement/Furniture |
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Home Depot (HD)
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360.07
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352.96
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2.01%
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9.75%
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Lowes Companies (LOW)
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220.23
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212.84
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3.47%
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3.12%
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| Watchlist |
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Bluelinx (BXC)
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116.72
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115.34
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1.20%
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29.27%
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Boise Cascade Co. (BCC)
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138.91
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135.46
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2.55%
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80.68%
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Builders Firstsource (BLDR)
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179.02
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173.73
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3.04%
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119.55%
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Canfor Corp. (CFP.CA)
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16.52
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16.28
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1.47%
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-35.74%
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Interfor (IFP.CA)
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21.10
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20.80
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1.44%
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-22.37%
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JELD-WEN Holding Inc. (JELD)
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19.32
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18.60
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3.87%
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41.12%
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Lousiana Pacific (LPX)
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68.00
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66.55
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2.18%
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-3.55%
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Lumber Liquidators (LL)
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2.49
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2.60
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-4.23%
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-60.60%
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Masonite International Corporation (DOOR)
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93.96
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92.05
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2.07%
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0.96%
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Owens Corning (OC)
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155.68
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151.53
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2.74%
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57.08%
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Saint-Gobain SA (SGO) :EPA
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65.84
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65.89
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-0.08%
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25.29%
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Trex (TREX)
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86.80
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81.48
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6.53%
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57.05%
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West Fraser Timber (WFG)
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80.76
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79.52
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1.56%
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-8.40%
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West Fraser Timber (WFG.CA)
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108.34
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107.35
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0.92%
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-7.10%
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Weyerhaeuser (WY)
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33.45
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32.77
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2.08%
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-4.46%
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Wood & Building Products
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